Global Brief: Oct 12 – Oct 18
Washington enacted a 500 percent tariff on Russian goods, then waived most of it the same day. Brussels added 1,569 names. Inside the widening split.
Nick Dimmer writes Life Sufficient, an independent publication on geopolitics, money, privacy, and resilience. A software engineer by background, he reads central bank documents and government reports so you don't have to.
Washington enacted a 500 percent tariff on Russian goods, then waived most of it the same day. Brussels added 1,569 names. Inside the widening split.
A missile strike on Riyadh's airport tightened world diesel markets, Washington sanctioned a court, and Brussels hedged on China. The week's common thread.
The G7 opened its oil reserves, the Fed and the ECB raised rates, and Iran sanctions reached the carmakers. One supply shock, three different answers.
In 1907, overnight money in New York hit 100% a year. The ECB says stablecoins can't stop a repeat, so it is moving central bank money onto its own ledger.
Washington gained a veto over Arctic investment, a $30 billion tariff deal with Beijing, and a blockade that held. The pattern connecting all three.
Congress made the Russia and Iran sanctions campaign permanent, the IAEA lost track of Iran's uranium, and oil demand fell for the first time since COVID.
The US says it is sinking Iranian tankers and holding Maduro in custody. The nuclear watchdog says it has not seen Iran's uranium in more than a year.
Washington took a 35% stake in the company now running 17 Venezuelan oil fields. Three other governments made similar moves. The pattern, explained.
Treasury opened sanctions on five sectors of Iran's economy at once. Hours earlier, Syria came off the terrorism list. One office made both decisions.
Published estimates of what a euro of defence spending does to GDP range from minus 2.5 to plus 3.5. The ECB put that slide in its own presentation.
Washington sanctioned a court, a government and a drug fleet in three days. Ukraine's occupied nuclear plant ran out of power lines. See what connects them.
Washington taxed drones and rebuilt its shipyards by decree, Europe moved to board Russian tankers, and Beijing passed 1,242 articles of environmental law.